Tuesday, July 18, 2006

Covering All Of The Top % Rate Bases...

Earlier on in the month I was getting tired of seeing the fed rate raise, and seeing most of the online savings banks not keep up. And occasionally I like to chase some of the online bank account rates. I currently have an account @ ING, Emigrant and Virtual bank. At the time, ING was about 4.35%, Virtual 4.60% and Emigrant 4.80%. The HSBC online savings account was among the leaders is high rates 5.05%. Plus, they are running a sign up promo, a $25 Best Buy gift card. I figured why not? There's no minimum, it's a great rate, and I'll be getting a gift card for signing up. Well, the process is taking a bit longer than expected. It's a couple of weeks later and I'm now waiting for the password to arrive in the mail. And soon after applying for the account, Emigrant raised their rate to 5% even. And they now plan on raising it to 5.15% coming late July. Oh well, the price for chasing...

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